Cable Update (GBPUSD) | Page 15068 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #301,341
  • Feb 24, 2012 3:06am Feb 24, 2012 3:06am
Bullish thrust candle on the Daily yesterday and some upside follow thu again today so far. 0930am gmt sees release of Q4 Uk Gdp revision and any move from the 1st -0.2% estimate may see a reaction in this pairing.

May feel like more but price only at 57% of the 20 day atr so far today and so far this week on last trading day of the week at 80% of the 20 week atr.

Current near-term 1hr screenshot is below.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 118 KB
ex member
  • #301,342
  • Feb 24, 2012 3:07am Feb 24, 2012 3:07am
Hope you get well soon.

G/L

Quoting fontu
Just Hi to all in FF & hope all well here .Writing from bed first time after 6th this month .Waiting serious health mofu with 50% fib to decide next > extension or not further .if can pray for me , anyway in most time pray not work for the mofu action , still a try.wish see you all next time or so .
take care .
fontu
ex member
  • #301,343
  • Feb 24, 2012 3:15am Feb 24, 2012 3:15am
Wishing I'd held my long today as price is tearing up through all the fibs Lol. Uk data in 15mins...will see what develops there. May be able to get in on a pullback if something develops, this assuming data doesn't come in worse than -0.2% lol. Price testing 61.8% of 5878-5643 right now

G/L
ex member
  • #301,344
  • Feb 24, 2012 3:15am Feb 24, 2012 3:15am
Quoting Ill-b-back
I tell a lie.
Sorry
  • #301,345
  • Feb 24, 2012 3:21am Feb 24, 2012 3:21am
Quoting Ill-b-back
I tell a lie.
Sorry
congratulate bro!!
  • #301,346
  • Feb 24, 2012 3:32am Feb 24, 2012 3:32am
Quoting Ill-b-back
I tell a lie.
Sorry

oh my...why bro?
I trade to live
  • #301,347
  • Feb 24, 2012 3:37am Feb 24, 2012 3:37am
Quoting yoshitsune
Hi Tsar,
I have refreshed, replaced the old template with your new template in attachment and even closed my MT4, the result was still the same problem (blank MA_of_RSX)..My MT4 version is 4.00 build 409..
arrggghhh I'm so frustrated.........

Hi. I had same problem. You need to have RSX indi - otherwise no MA of RSX...
  • #301,348
  • Feb 24, 2012 3:42am Feb 24, 2012 3:42am
Quoting bbmac
Wishing I'd held my long today as price is tearing up through all the fibs Lol. Uk data in 15mins...will see what develops there. May be able to get in on a pullback if something develops, this assuming data doesn't come in worse than -0.2% lol. Price testing 61.8% of 5878-5643 right now

G/L
Hi bbmac,

Need Help for review & description about Daily Chart in Post #301343
I have problems in deciding...


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #301,349
  • Feb 24, 2012 3:44am Feb 24, 2012 3:44am
No change to the -0.2% 1st print re Uk Q4 gdp #. Price not short of the previous 4hr/1hr swing hi zone leading to Tuesday's Hi now and at top of there 76.4% 5865-5643 and Daily R2

G/L
ex member
  • #301,350
  • Feb 24, 2012 3:49am Feb 24, 2012 3:49am
Well as I read it the Daily t/f is currently in some range consolidation between 5927 and 5643 re overall price action (opa.) T/f's 1hr and below are currently in an opa uptrend but this t/f remains in this consolidation with a generally bullish stance to it presently.

re your post you refer to - if this daily is in a 'triangle' I have no idea what means - others may do ?

G/L

Quoting Tsar
Hi bbmac,

Need Help for review & description about Daily Chart.
I have problems in deciding...


Best Regards,
Tsar
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 66 KB
ex member
  • #301,351
  • Feb 24, 2012 3:54am Feb 24, 2012 3:54am
Quoting UbuFamily
oh my...why bro?
I'm sorry Ubu, you know I don't usually shy away from making trade calls (even stupid ones ). But the potential SL on this could be big and in no mans land you don't know which way will go although momentum and hidden bullish MACD divergence suggested to go long. Only small trades fir me and some might follow blindly with unknown trade sizes. Essentially, it was not too risky for me because of small lot size, but someone following? Who knows.
Come with me if you want to live....
  • #301,352
  • Feb 24, 2012 3:58am Feb 24, 2012 3:58am
Quoting yoshitsune
no wonder it didn't work on my MT4... my win XP is still Service Pack 2...arghhhhh.. need to upgrade my Win to SP3 then..
but someone told me that if I uninstall my MT4 then then reinstall it again, it might work.. huhuhuhuhuh...confused so many suggestion..
a/w thanks for your advise Tsar..
I'm not sure can be work after upgrade to Win SP3.

Every Broker have a particular Program to reject the Script MT4 not running.
I've tried installing some indicator that even makes my computer Crash.

I'm use 3 Brokers and 3 Laptops for Trade.
Always looking the GREAT, never left GOOD Point...
  • #301,353
  • Edited 4:10am Feb 24, 2012 4:10am | Edited 4:10am
We are in a very interesting price point right now for Cable - interesting continued move up overnight and even after the bad UK Data numbers at 4:30AM EST.

I have a minor resistance level at 1.5814 and then a more major resistance level at 1.5825 then 1.5880 - on the sidelines right now and waiting to see where this no man's land price action will take us.....

Oh and good morning to everyone!

Faller.
I don't trust any move - when you have profit...take it.
  • #301,354
  • Feb 24, 2012 4:42am Feb 24, 2012 4:42am
Quoting bbmac
Well as I read it the Daily t/f is currently in some range consolidation between 5927 and 5643 re overall price action (opa.) T/f's 1hr and below are currently in an opa uptrend but this t/f remains in this consolidation with a generally bullish stance to it presently.

re your post you refer to - if this daily is in a 'triangle' I have no idea what means - others may do ?

G/L
Thank you for your explanations.
Would you like give your Bigger picture and Trendlines, please.
Always looking the GREAT, never left GOOD Point...
  • #301,355
  • Feb 24, 2012 4:45am Feb 24, 2012 4:45am
Some supply at 5820 area then - bottom of a previous 4hr swing lo zone (previous support) / Daily R2 as price reached 93% of it's 20 day atr and 100pips off the current daily lo.

Current near-term 1hr screenshot is below.

Classic Bearish regular divergence plays to 5min at the current daily hi , 3min shown below by way of example.

Buy the dip anyone ?

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: z.jpg Size: 93 KB
Click to Enlarge Name: z1.jpg Size: 124 KB
ex member
  • #301,356
  • Feb 24, 2012 4:47am Feb 24, 2012 4:47am
Quoting Faller
We are in a very interesting price point right now for Cable - interesting continued move up overnight and even after the bad UK Data numbers at 4:30AM EST.

I have a minor resistance level at 1.5814 and then a more major resistance level at 1.5825 then 1.5880 - on the sidelines right now and waiting to see where this no man's land price action will take us.....

Oh and good morning to everyone!

Faller.
Here is a chart showing what I was talking about above......look inside the blue circle on the chart......price hit right between my posted resistance levels....1.5814 and 1.5825.....interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Resistance.jpg Size: 154 KB
I don't trust any move - when you have profit...take it.
  • #301,357
  • Feb 24, 2012 5:09am Feb 24, 2012 5:09am
Quoting Flatfish
I just want to piont out a comparisson of gold. Cable lagging behind in a very similar manner with buyers appearing on the fibs, euro made similar breakout today. Looking for a long cable unless gold and euro reverse. Have a bias to be short cable, but can't really justify if from the charts.
Divergence trading using the different pairs is pretty tricky but it does give you clues as to where a manipulated pair like cable will move once it crosses have been handled. You may be the sort of trader that only ever trades one pair, but to be successful you do need to be able to read other pairs because the clues are there. My plans remain the same only taking longs unless gold and euro reverse.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 127 KB
  • #301,358
  • Feb 24, 2012 5:25am Feb 24, 2012 5:25am
Quoting yoshitsune
no wonder it didn't work on my MT4... my win XP is still Service Pack 2...arghhhhh.. need to upgrade my Win to SP3 then..
but someone told me that if I uninstall my MT4 then then reinstall it again, it might work.. huhuhuhuhuh...confused so many suggestion..
a/w thanks for your advise Tsar..
Hi

I had the same problem but found out that you have to install an indicator rsx.ex4 (attached) to solve the problem

Regards

John from Durban
Attached File(s)
File Type: ex4 RSX.ex4   4 KB | 358 downloads
  • #301,359
  • Feb 24, 2012 5:27am Feb 24, 2012 5:27am
Quoting Faller
Here is a chart showing what I was talking about above......look inside the blue circle on the chart......price hit right between my posted resistance levels....1.5814 and 1.5825.....interesting.
It's CLEAR Now...
Always looking the GREAT, never left GOOD Point...
  • #301,360
  • Feb 24, 2012 5:32am Feb 24, 2012 5:32am
Quoting jmcl
Hi

I had the same problem but found out that you have to install an indicator rsx.ex4 (attached) to solve the problem

Regards

John from Durban
Great...
Always looking the GREAT, never left GOOD Point...
1,861 traders viewing now, 3 are registered:
,
Mosfind
,
Price369